please show all the workings step. by step

Portfolio Question Two - Overheads Yale Company manufactures hair brushes that sell at wholesale for $3 per unit. The company had no beginning inventory in the prior year. These data summarize the current and prior year operations: E Prior year Current Year Sales volume 1,800 units 2,200 units Selling price per unit $3.00 $3.00 Production volume 2,000 units 2,000 units Production cost: Factoryvariable (per unit) $0.60 per unit $0.60 per unit fixed $1,000 $1,000 Marketingvariable $0.40 per unit $0.40 per unit Administrativefixed $500 $500 Beginning inventory 0 units Reauired I 1. Prepare an income statement for each year based on absorption costing. 2. Prepare an income statement for each year based on variable costing. 3. Prepare a reconciliation and explanation of the difference each year in the operating income resulting from using the absorption costing method and variable costing method